The industry in Slovakia has undergone significant changes in recent decades. Some sectors remain strong, while others have emerged recently and are rapidly gaining importance. Let’s explore the ones that contribute the most to the growth of the Slovak economy.
Automotive industry: The driving force of Slovakia
The automotive industry is undoubtedly one of the most important pillars of the Slovak economy. Since companies like Volkswagen, PSA Peugeot Citroën (now Stellantis), and KIA entered the Slovak market, the country has become one of the largest car manufacturers in the world per capita. Today, millions of vehicles are produced annually in Slovak car factories, representing a significant export commodity. The automotive industry employs thousands of people and creates additional jobs in the supply chains.
IT and tech Startups: Rocket starts
With the growing number of tech startups and established IT companies, this sector is becoming one of the most dynamic and promising. A specific example of a successful Slovak startup is ESET, which started as a small company in Bratislava and is now a global leader in cybersecurity.
Energy: A sustainable future
The energy sector in Slovakia is undergoing significant transformations, with an increasing focus on renewable energy sources. The country has ambitious plans to increase the share of renewables in its total energy consumption. Wind farms, solar panels, and biomass utilization are just a few of the projects that are rapidly developing. This trend is supported not only by domestic but also by international investors.
Tourism and hospitality: Discovering Slovakia is worth it
Although the COVID-19 pandemic significantly impacted tourism and hospitality, this sector is gradually recovering and finding new opportunities. Poles, Hungarians, Ukrainians, and travelers from more distant countries have discovered the wealth of natural beauty (especially the smallest high mountains in the world, the High Tatras), historical monuments, cultural heritage, and thermal springs. Companies like Zľavomat enable quick online booking of a wide range of hotels and showcase the most interesting aspects of domestic tourism.
E-commerce: Order today, have it tomorrow
With the rapid rise of online shopping, the e-commerce and logistics sector has become one of the most important in Slovakia. Companies like Alza, Mall.sk, and many others are recording record sales thanks to the growing popularity of online shopping. This trend is likely to strengthen even further in the future.